Wake Forest University’s plan to redesign major portion of campus

The site being evaluated for redevelopment is bordered by Deacon Boulevard, University Parkway, the Winston-Salem Fairgrounds and the Allegacy Stadium sports complex.

WStoday: WFU Deacon boulevard redevelopment

Deacon and Fairgrounds Boulevard street signs

WStoday team

Table of Contents

Wake Forest University wants to redesign property east of Reynolda campus.

The university is partnering with multiple agencies to redevelop the Deacon Boulevard area with the goal to drive economic development and elevate the experience of residents and visitors year-round.

The university is joining forces with:

  • The city of Winston-Salem
  • Carter, a real estate investment and development firm headquartered in Atlanta
  • Front Street Capital, a Winston-Salem-based development, asset management, and private equity real estate company

Construction zone

The university is redeveloping property it owns on and around Baity Street. That’s east of the Reynolda Campus adjacent to Allegacy Stadium, Couch Ballpark, and the Lawrence Joel Veterans Memorial Coliseum.

WStoday Wake Forest redevelopment site

Map of Deacon Boulevard redevelopment site. Surroundings of Baity Street to be under construction

Wake Forest University via website

Potential Economic impact

According to Wake Forest University President Susan Wente, this project will encourage economic activities and help place Winston-Salem on the map as a leading tourism, sports, and entertainment destination.

The space will be open not only to students, but to visitors to experience what Winston-Salem has to offer on a whole new level.

What to expect

New retail space, restaurants, and residential buildings that will benefit residents, students, and visitors.

Important to know

  • This area of Winston-Salem hosts more than 750,000 event patrons annually with total event days exceeding 260 each year.
  • WFU Stadiums and the LJVM Coliseum hosted over 450,000 attendees for Demon Deacon athletics events.
  • Both have attracted major performers like Paul McCartney in 2022 and Billy Strings in 2023, and also hosts international tennis stars for the Winston-Salem Open.

The University will continue to carry out its daily activities on the Reynolda campus and at Wake Downtown.